LancasterOnline.com:Local Business:Armstrong net profits sink 41.5%

Armstrong net profits sink 41.5%

Poor first-quarter report follows news that CEO earned $10.2M last year.

May 02, 2008 12:01 EST

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By TIM MEKEEL, Staff

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And yet upper management earned a bonus. Only upper management in the corporate world can earn a bonus for poor performance.

lee41

government officials also

podunk

QUOTE(lee41 @ May 2 2008, 06:05 PM)

And yet upper management earned a bonus. Only upper management in the corporate world can earn a bonus for poor performance.

And I'll bet 20 bucks he only pays 15% tax on that bonus, while working republicans pay 28%.

John McCain wants working republicans to continue subsidizing the rich man.

Suckers.

Bigby_M

Yes, the CEO bonus may have been excessive. But keep in mind the bonus was for 2007 where profits were up. This article is discussing Q1 2008. If they continue on this trend, I would expect the executive bonuses to shrink significantly for 2008.

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